gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7385028118233f3f
Response Measures
Accommodated withdrawals, Capital injected, Full suspension, Books examined
Receivership Details
Depositor recovery rate
82.5%
Date receivership started
1905-07-03
Date receivership terminated
1909-09-30
OCC cause of failure
Excessive lending
Share of assets assessed as good
35.7%
Share of assets assessed as doubtful
57.7%
Share of assets assessed as worthless
6.6%
Description
Failure was driven by concentrated loans to principal stockholder C. J. Devlin; receiver appointed and bank did not resume operations.
Events (5)
1.March 13, 1882Chartered
Source
historical_nic
2.July 1, 1905Run
Cause
Bank Specific Adverse Info
Cause Details
Public unease over heavy loans and concentration of credit to principal stockholder C. J. Devlin after reports of his illness and strained affairs
Measures
Bank kept open ten minutes after closing to permit withdrawals
Newspaper Excerpt
there were withdrawals of deposits though nothing like a run occurred at any of the banks ... the bank was kept open ten minutes after the closing hour to enable all who wanted to take their money out
Source
newspapers
3.July 3, 1905Receivership
Source
historical_nic
4.July 3, 1905Receivership
Newspaper Excerpt
The comptroller of the currency has appointed National Bank Examiner J. T. Bradley receiver of the First National bank of Topeka upon receipt of advices from the vice president of the bank that its doors had been closed.
Source
newspapers
5.July 3, 1905Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to meet demands after loss of confidence stemming from Devlin's financial complications and heavy loans to him
Newspaper Excerpt
This bank is closed by my order. The comptroller of the currency has been communicated with posted on the front door of the First National bank
Source
newspapers
Newspaper Articles (24)
1.July 1, 1905The Topeka State JournalTopeka, KS
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The knowledge that the business was to be turned over to others was the cause of a slight flurry in financial circles in Topeka this morning. Mr. Devlin is interested in the four largest banks in Topeka and at all of them there were withdrawals of deposits though nothing like a run occurred at any of the banks. Mr. Devlin is more largely interested in the First National than in any other here, owning more than two-thirds of the stock and being a large borrower, and it was this institution that, as a consequence, felt the greatest burdenof public disquietude. The bank was kept open ten minutes after the closing hour to enable all who wanted to take their money out to do so but there was no excitement. W. H. Rossington, a director of the First National, was in charge owing to the illness of C. E. Hawley, the cashier, and he announced at noon that the institution is in no danger. The New Organization. The Devlin Coal and Mining company which has been organized to take over the varied interests and holdings of C. J. Devlin will have a nominal capital of $1,000,000, the stock of which will be held by the associates and friends of Mr. Devlin. It will be a close corporation organized under the laws of Missouri and no stock will be placed on the market. It is simply a holding corporation designed to. maintain intact the property for the benefit of the family and the creditors of Mr. Devlin alike. The capitalization was fixed at that amount with the knowledge that the issue would enable the procurement of efficient available cash to carry on the needs of the varied interests at stake. The directorate, it is understood, is composed of Mr. and Mrs. C. J. Devlin, J. Willis Gleed, Chas. S. Gleed, Chas. S. Downing of the Central National bank, W. A. Rule, cashier of the National Bank of Commerce, Kansas City, Mo., and Mr. Clifford Histed of Kansas City, Mc. The following statement was made today by a man familiar with Mr. Devlin's affairs: The illness of Mr. Devlin and the report of his condition brought on the crisis. Essentially Mr. Devlin is a man who keeps but few books and burdens his brain with the transactions of his business. In consequence the relations which existed between his many companies was not intrusted to paper. Each of the companies has head who looks after the details una der his immediate management, but the relations which exist between companies, their dovetailed charwas left to no man's memory or other than that of acter, those keeping Mr. burden, Devlin himself. All of this heavy this strain on the mind, finally told the superb mental qualities of upon Mr. Devlin and brought on cerebral paralysis. A physical as well as mental breakdown ensued. Then came down with it the loss of the master hand in charge of the vast business to The business commenced show data. the lack of the presence of its owner. "Affairs between the companies were becoming addled. Each of the companies from an individaul standpoint indoing well and carrying on its them was that leash which held to. a central guiding inter-relationship was common terests but The hand Then was begone. coming muddled and destroyed. of business associates and friends with the the millionaire coal operator met holdhim and advised him to form a take corporation which should ing the management of these properover ties and retain the central management. "Mr. Devlin agreed readily to the and turned over his property holdings. plan The plan was a conserva- inof both family and creditors' tion terests. The crisis also brought on a imperative need of realizing takes the large amount of money, as it
2.July 3, 1905The Topeka State JournalTopeka, KS
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Depositors Waited in Vain for Doors to Open. Notice Posted at Five Minutes Before Nine. SIGNED BY ROSSINGTON Comptroller of the Currency Has Been Notified. C.J. Devlin Turns Topeka Property Over to Bank. WHY THEY GAVE UP. Could Not Raise Enough Money to Meet Demands. Claimed Depositors Will Be Paid in Full. National Examiner Bradley Is Appointed Receiver. At five minutes before 9 o'clock this morning, the following typewritten notice was posted on the front door of the First National bank: "This bank is closed by my order. The comptroller of the currency has been communicated with, and will send examiner who will make a statement. W. H. ROSSINGTON, ice President." "Topeka, Kan.. July 3, 1903." Washington, July 3.-The comptroller of the currency has appointed National Bank Examiner J. T. Bradley receiver of the First National bank. Topeka, Kas., upon receipt of advices from the vice president of the bank that its doors had been closed. A crowd of three or four hundred people, many of whom were depositors, read this notice and quietly dispersed. There was no great amount of excitement. As early as 8 o'clock this morning, it was evident that the First National was in for a run. People began to line up in front of the building, and three or four policemen were detailed to keep the crowd in order. Through the front windows the crowd could see the bank employes and some of the officials walk. ing about in the rear room. There was no evidence of any intention to open the doors. There were no books on the desks, no money in sight and no bustle of preparation to pay off the depositors. Hence the rumor was prevalent through the crowd that the bank would not open for business, and no particular surprise was expressed when the notice was actually posted. About one-third of the crowd at the First National bank was composed of women. The women took the situation with as much composure as did the men, however, and there was no weeping when the notice went up. While the crowd was collecting in front of the First National a smaller crowd assembled on the steps of the Central National. The Central National opened promptly for business. and the rush of depositors was quickly paid off. The people at the Central National who withdrew their money seemed to be mostly savings depositors. There was also considerable of a flurry at the Bank of Topeka. At the Merchants' National bank there were but few people doing any business. At the State Savings there was a small gathering. The North Topeka banks were not affected. The fact that the Monday morning business is usually heavier than other mornings of week served to scare a few timid depositors into the idea that a run was in progress. Depositors May Be Paid. It is claimed, however, at this time that the bank is fully solvent and that the creditors will be paid in full. The closing of the bank hinged upon the inability of the Topeka banks to extend enough aid in addition to the refusal of the banks in Kansas City, Missouri, to come to the rescue of the First National. The Central National bank and the Bank of Topeka both stood ready to help but on condition that the Kansas City banks should extend aid. A wire was received by the First National bank from Kansas City stating their inability to come to the rescue. The answer was terse and no particular interpretation of the refusal could be construed. At eight o'clock the crowds commenced to loiter around in the vicinity of the First National and across the street from vantage points where operations could be viewed In the crowds were curiosity seekers as well as interested depositors. At 8:15 there were some 15 patrons of the bank waiting for the doors to open and at nine o'clock this number had been increased to fully 175. They hung around and pressed forward to the doors until at nine o'clock the statement made by W H. Rossington, director and vice president of the bank. was affixed to the door. Anxious faces pressed close up to the glass dcors to read the statement and then turned away. The press continued The and at 9:30 gradually grew less. people took the statement philosophically and with as much optimism as could be expected. Few words indicative of chagrin or grief were made and the remarks were simply passing in their nature. The groups was divided among the large and small patrons alike. The face of the large as well as the small depositor was seen in the press. One man had $15,000 and but few feet away was small bootblack with savings of a few dollars. Could Not Save Bank. The holding corporation which was to take over the properties of Mr. Devlin will be permitted to lapse. The corporation which was to be established primarily to save the First National bank will be suffered to lapse unless it is found on further examination that it is best to establish such an organization. Mr. J. W. Gleed, who
3.July 3, 1905Las Vegas Daily OpticLas Vegas, NM
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RICHEST MAN IN KANSAS IN SERIOUS FINANCIAL TROUBLE First National Bank of Topeka Closes its Doors As Result Of Inability of C. J. Devlin, Through Illness, to Attend to Its Business---Receiver Appointed. Mr. Devlin's Personal Assets Greatly in Excess of Liabilities of the Suspended Bank---Run on the Central Bank as Result of Embarrassment of The Other Institution. Topeka, July 3.-The First National of the Missouri Telephone company, and for many years business assobank of Topeka, of which C. J. Devclate of Devlin says: lin held the major portion of the "Devlin's assets amount to about stock, failed to open its doors this seven million dollars and his liabilimorning, being closed by order of ties do not exceed two millions. These Vice President W. H. Rossington. liabilities are debts of different comThe government officials are making an examination of the bank's affairs panies he controls. His personal liabut will give out no statement. There bilities are practically nothing." has also been a slight run on the Devlin was born at St. Louis fiftyCentral National bank. of which Devfour years ago. lin owns a large number of shares. Owes Big Sum. Cash to the amount of $300,000 was New York, July 3.-According to a deposited in the central National bank recent statement the First National to offset the run. bank of Topeka owed depositors $1,In the closed bank the state of 390,000. Kansas has over $500,000 in deposits, Devlin's Illness the Cause. the city of Topeka $39,000 and the Chicago, July 3.-The whole trouble county of Shawnee about $30,000. involving both of Devlin's affairs and Richest Kansan. those of the First National bank of Kansas City, July 3.-C. J. Devlin Topeka came as a result of an attack was generally credited with being one of apoplexy two weeks ago and of the wealthiest men in Kansas. He which rendered Devlin incapable of was at the head of twenty different doing business, Had he remained in companies, coal mining enterprises his accustomed health, say the bankand mercantile establishments and ers who are interested in the First Nafor many years has been one of the tional bank, he would have been able most active business men in the to prevent the trouble. southwest. His wealth is largely in Receiver Appointed. coal mining properties in southern Kansas, in the vicinity of Marceline, Washington, July -The comptrolMo., and in Illinois. He also owns a ler of the currency has appointed Nanumber of coal yards in Kansas City. tional Bank Examiner J. T. Bradley receiver of the First National bank of He is a stockholder in twenty-five banks, his bank stock being estimated Topeka upon receipt of advices from to amount to a million dollars. Chas. the vice president of the bank that S. Gleed of Topeka, general manager its doors were closed.
4.July 3, 1905The Evening StatesmanWalla Walla, WA
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BIG KANSAS BANK FAILS FIRST NATIONAL AT TOPEKA CLOSED ITS DOORS THIS MORNING. Other Banks Are Involved-Speculations of the Heaviest Stockholder the Cause. TOPEKA, July 3.-The First National bank, the biggest financial institution in this city, failed to open its doors this morning. A notice signed by Vice President Rossington was posted on the door. It says: "This bank is closed by my orders. The comptroller of currency has been notified and an examiner will be sent." The closing of the bank is the result of complications in the affairs of C. H. Devlin, one of the chief stockholders, reputed to be the richest man in Kansas. His affairs have been placed in the hands of million-dollar corporation chartered Saturday in Missouri, The bank's liabilities and assets May 1 were $2,351,304. A. large number of depositors were lined up in front of the bank this morning. Devlin's attorney has announced that his client owes the First National bank $1,000,000, Kansas City banks, $400,000, the banks of New York, $250,000, of Chicago $150,000 and of St. Louis, $250,000. Following the announcement of the failure, a run started at the Central National in which Devlin is also a stockholder and at other banks in which Devlin is interested. Many deposits were drawn and it is announced that Devlin has turned over to the First National real estate and securities worth $700,000 and insurance policies valued at $667,000. Devlin's assets are estimated at $7,000,000 and his liabilities at $2,000,000. His interest in Topeka banks is said to amount to $1,000,000. He owns 11 coal companies.
5.July 3, 1905The Daily TribuneFlorence, CO
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TOPEKA BANK GOES TO WALL State of Kansas Suffers to Amount of $400,000. City of Topeka and County Also Lose- President Turns Own Securities to Covor the Losses. Topeka, Kans , July 8-The First National bank of Topeka, of which O. J. Develin is the chief owner, fail. ed to open for business this morning. It is the largest financial institution in Topeka. A notice signed by W. Rossington, vice president, pasted on the door says: "This bank has been closed on my orders and the comptroller of the currency notified." A bank examiner will be sent here at once. O. J. Develine, whose affairs were about to be placed in the hands of a receiver, holds 2500 shares of the bank stock out of the 8000 shares issued. A general financial uneasiness prevails here today and many accounts are being withdrawn from other banks. The officers of the other institutions express confidence in being able to meet all demand's. This county has $80,000 in the bank, the state of Kansas $400,000 and the city of Topeka $26,000. Announcement is made that Develine has turned over to the bank real estate securities to the amount of $700,000 and insurance policie4 at a surrender value of $667,000.
6.July 3, 1905Evening StarWashington, DC
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disturbed. The Central in Topeka and presumably the other banks there fortified themselves for the run which they are having today." Mr. Devjin was born at St. Louis fiftyfour years ago. He was in the coal business in southern Illinois for a short time, and at different times had the management of the coal properties of the Atchison, Topeka and Santa Fe railway and the Great Northern road. Declined to Make Report Now. W. H. Rossington, vice president of the First National Bank, declined to attempt to make a report of the financial condition of the bank at this time. "I have locked the books and accounts of the bank," said Mr. Rossington, "together with what cash has been carried on hand, in the vaults of the bank, pending the examination to be made by the representatives of the controller of the currency. "After the examination by the government officials a statement will be made by the controller which will be definite and comprehensive. Any statement at this time would not be complete and might be misleading. "There have been no speculations?" Mr. Rossington added. "The trouble has been brought about principally through loaning too largely to one borrower."
7.July 4, 1905The Topeka State JournalTopeka, KS
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Doubts Baltimore Story. Charles S. Gleed returned today from Kansas City, where he has been attending the meetings held by Mr. Devlin's creditors. When asked concerning the report that Mr. Devlin owes $710,000 to some Baltimore trust company, Mr. Gleed said: "This story was whispered about in the hotel lobby last night, and passed very quickly from mouth to mouth. I am very much inclined to doubt the truth of the report. It has not been confirmed." Concerning the meeting of Mr. Devlin's creditors, Mr. Gleed said: "At the meeting of Mr. Devlin's creditors and their representatives, on a committee held Sunday, to consider was appointed and report on a plan of action which would best conserve the interests of the creditors. The committee which was selected held a meeting but arrived at no conclusions which can be made public." "Will the organization of the corporation to take charge of Mr. Devlin's affairs be perfected?" "It is liable to be," replied Mr. Gleed. "The bottom fact is that everybody is suspending operations of decisive character until it is ascertained exactly the condition of the property, the liabilities and the assets. Nothing can be done until this information is obtained." Independence day affords the financial situation in Topeka another respite from the strenuous life of the past three or four days, and will undoubtedly mark the termination of the uneasiness among the people of the city who have deposits in the six Topeka banks. Depositors have regained confidence in the stability of the institutions which sustained the run of Monday with so little difficulty, and the remaining days of the week will doubtless see the return of many of the small deposits which were withdrawn from the banks on Monday. In an interview with his attorney, Clifford Histed, Mr. C. J. Devlin yesterday made this statement: "No depositor in the First National bank will lose a dollar. I will give up everything I have in the world, if necessary to make the bank pay dollar for dollar. Such a statement coming from a man of Mr. Devlin's known integrity will go a long ways toward satisfying the people who have money tied up in the First National crash. Saturday evening a meeting of a number of the leading business men was hastily called to consider the advisability of cashing First National bank checks. The merchants found that they were being flooded with checks on this bank, which the depositors had been unable to cash prior to the closing hours. The merchants decided that owing to the condition of the bank, it would not be safe to load up on such checks, and this source of relief for the depositors was shut off. Some of the clerks at Warren M. Crosby's big dry goods store had money on deposit at the State Savings
8.July 5, 1905Evening Times-RepublicanMarshalltown, IA
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HONEST, YET A THIEF. Another bank has come to grief by allowing itself to be looted by a man who thought himself honest. The First National Bank of Topeka, has closed its doors, never to open again, because it had loaned nearly all of its money to the one man who controlled the bank. Apparently having deposits of $1,390,000 by. its last statement and enjoying great prosperity, when the one man gets sick, the consequent uncertainty about his affairs starts a run on the bank because $1,200,000 of its funds have been loaned to him, and the bank is wrecked. We can say wrecked by a man who thought he was honest because Millionaire Devlin did not intend to wreck the bank or steal a penny and in fact tried to put up security for his loans, but, nevertheless, he appropriated to himself and his twenty-six various corporate enterprises, practically all the money placed in the bank in trust by its depositors, when he knew that every rule of safe banking and busi-
9.July 6, 1905The SunNew York, NY
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MORE DEVLIN BANKS CLOSE. Directors Did Not Wait for the Depositors' Impending Run. OTTAWA, Ill., July 5.-The Spring Valley National Bank of Spring Valley, Ill., with a capital of $50,000 and deposits of $483,000, and the First National Bank of Toluca, III., capital $100,000 and deposits $230,000, have closed. The suspension is due to the failure of the First National Bank of Topeka. Charles J. Devlin is president of both banks. Both institutions were prepared to open for business this morning, but long before the hours of opening arrived long lines of depositors were ready to withdraw their funds. The directors, dubious of the outcome, immediately posted a suspension notice. Coincident with the failure of these two banks there was filed in this county a quit claim deed dated June 20 from Charles J. Deviin and Mary A. J. Devlin to the First National Bank of Topeka to all the lands and tenements in La Salle, Putnam and Marshall counties, with the exception of the right of way of the Toluca, Marquette and Northern Railway Company and ten acres known as the Griffith land. The value placed on this property is $350,000. Charles Devlin was born and grew to manhood in Peru, this county, and at one time was a messenger boy for the United States Express Company. He promoted and managed the great mining industries of Spring Valley, and was practically the founder of that city. TOPEKA, Kan., July 5.-State Treasurer Kelly of Kansas may lose his job because of the publicity given to matters connected with Devlin's affairs and the failure of the First National Bank. Among the deposits of the bank was one of $557,000 by the State of Kansas. The law explicitly prohibits State funds being deposited in banks, providing for its keeping in the State treasury. Technically, it is charged that Kelly is an embezzler to that extent until the money is returned to the State treasury. It is shown also that Kelly has deposited $200,000 in banks in Kansas City, Kan., Wichita and Hutchinson, while the law explicitly prohibits the deposit of State funds outside of Topeka. A petition to declare Devlin a bankrupt was filed in the United States District Court to-day on behalf of Kansas City creditors. The claims of the petitioning creditors aggregate $5,000. The effect of the action in bankruptcy will be to set aside the transfers of property which have been made by Mr. Devlin recently, except the transfers of life insurance, which were made payable to Mrs. Devlin.
10.July 7, 1905The Daily ArdmoreiteArdmore, OK
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# Receivers Appointed.
(By Associated Press.)
Topeka, Kan., July 7.-Cyrus Teland of Troy, Kan., and J. E. Hurley, general manager of the Santa Fe railway, were today appointed temporary receivers for C. J. Devlin's property, which was placed in bankruptcy Thursday night. A bond of a quarter millions dollars was required. Hurley's appointment was at the request of the Santa Fe. It was learned today that Devlin previously turned over to the failed First National Bank $1,180,000, and that deposits accepted by the bank two days before it failed was $61,000.
11.July 10, 1905Vilas County NewsEagle River, WI
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MORE DEVLIN BANKS fail. Two Illinois Institutions Go Down in the Crash. La Salle, III., July 6.-The Spring Valley National bank closed its doors yesterday morning after a run which began Monday afternoon. The run was precipitated by reports from Topeka, Kan., regarding the condition of President Devlin's affairs. Monday afternoon the Spring Valley bank was called on for $17,000. This was followed by a run by depositors, who drew $20,000 before the bank closed. Yesterday morning the bank did not open. It. is estimated that the bank's deposits amounted to $500,000. The National Bank of Toluca also closed its doors yesterday morning. Devlin is also president of the Toluca bank. Topeka, Kas., July 6.-The affairs of the failure of the First National bank assumed a different phase yes. terday when Kansas City creditors petitioned the United States district court to declare Charles J. Devlin a bankrupt. The petition was made returnable July 20 and the effect is to prevent further attachments of Devlin's property and set aside real estate valued at $700,000 which Devlin Monday transferred to the failed bank. The action does not affect the life insurance, which is in Mrs. Devlin's name, and which she insists be left among the assets of the bank.
12.July 14, 1905Morgan County DemocratVersailles, MO
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the corn crop is placed at 91, which is higher than it has been at this time since 1902. Everything indicates an extra large crop. The oats yield in the section just harvested was estimated at 28 bushels per acre. Only about one-half the crop has been harvested. Owing to the dry weather the clover and timothy crops are very poor.
### A Cut in Freight Rates.
The board of railroad and warehouse commissioners last April issued an amendment to their schedule prescribing a very much reduced rate on flour in less than car load lots, that is to say, on 10,000 pound lots or more. The board has now issued an order effective August 1, applying the flour rates to meal, bran, mill stuffs, shorts, middlings, grain screenings and ground feed. The effect of this order will be to reduce the rate on mill products in less than car load lots about 40 per cent, thereby saving to the customers in this state many thousands of dollars in the course of a year.
### Interest on State Money.
State Treasurer Gmelich has received from the state depositories the interest on the state's money in their keeping for the month of June, the amount being $7,784.73. The total sum derived by the state from this source for the three months ending June 30 is $24,647.18. In May the interest amounted to $8,352.18, and in April it was $8,510.27. The several depositories paid these respective sums in June.
### Natural Gas for Springfield.
Daniel B. Holmes, who represents a gas company of Kansas City which has been operating in the Kansas fields, has been granted a franchise by the Springfield city council to supply natural gas. The company represented by Mr. Holmes owns the line recently built to Joplin, and it is proposed to extend it to Springfield, supplying gas to all the intervening towns through which the pipes pass.
### A Bankruptcy Petition.
An involuntary petition in bankruptcy against the Kansas City Coal and Coke company has been filed in the federal court at Kansas City by Karnes, New & Krauthoff, attorneys, who represent a number of creditors. The company is one of the properties controlled by C. J. Devlin, the Topeka millionaire, whose bank, the First National, failed.
### Corporation Lawyer an Issue.
John Abbott Clark, of Cameron, at the Fourth of July celebration at Stewartsvile, declared that the corporation lawyer would be an issue in future political campaigns. He said that the ills of the country were not due to the misuse of the ballot or to political bosses, but to the lawyers, who assisted illegal combinations of wealth to legally plunder the people.
### For the State Fair.
The executive committee of the Missouri state fair board has completed further arrangements for the fifth annual fair, August 21 to 26 inclusive. Ex-Gov. N. J. Coleman, of St. Louis, was selected to make the address on old settlers'day, Tuesday, the 21st. A lecture room was ordered constructed in the dairy building.
### Rolled Down Embankment.
Kansas City Southern passenger train No. 2, northbound, jumped the track at the Narrows above Shoal creek, 12 miles south of Joplin, while running at a speed of 30 miles an hour, and four coaches and chair cars rolled down the embankment. None of the passengers were killed, but 12 were injured.
### Leaves Sedalia for Topeka.
Rev. Theodore Bundenthal, for eight years pastor of St. Paul's Lutheran church at Sedalia, has resigned to accept the pastorate of the Lutheran church at Topeka.
### Killed by Exploding Emery.
William Schmidt, owner of a machine shop in Jefferson City, was struck by fragments of an emery wheel, which exploded while he was operating it. His skull was crushed, producing almost instant death.
### Gov. Folk at Springfield.
Gov. Folk made a speech at the laying of the corner stone of the new St. John's hospital at Springfield. He promised to continue his fight against
13.July 18, 1905The Topeka State JournalTopeka, KS
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SNAPSHOTS AT HOME NEWS. Chas. S. Gleed is in New York city on business. J. S. Warner and Frank Newland leave tonight for Thunder Mountain. A party of 40 school teachers is planning to go from Topeka to the Portland exposition. D. M. Howard says the best corn he has ever seen is being raised this year around Rossville. There are 3,000 depositors of the First National bank. This is said to be a close estimate. A drama in four acts will be given by M. W. A. at Lukens' opera house, July 19. Admission 25c. Peter Wall, a Topeka boy in the Philippines, has bought the Sunday Sun, a weekly paper in Manila. J. T. Bradley, receiver of the First National, has returned from a trip over Sunday to his home at Sedan. The ways and means committee and the streets and walks committee of the city council meet Friday evening. The Clyde Herald says: Joe Decker, formerly of this county, had $9,000 on deposit in the First National bank at TopeKa. The White Sox left today on a fifteen day trip. Sedalia, Leavenworth, Wichita, Guthrie and Oklahoma City will be visited. Dr. W. S. Lindsey says that the Kansas Medical college will be moved before long to a new location and the present building sold. Isn't it about time that some prosecutions for reckless automobile driving were started? There has been great hubbubs made about fast bicycle riding. County Attorney Hungate is going to Fort Scott for two weeks. He said: "Now, I don't want it reported that I am going there to investigate the joint licensing system this time." Some of the persons connected with the First National bank deny that any $100,000 or any amount near that sum has been paid out for checks turned back. They claim that the amount runs between $5,000 and $10,000. They ought to know. The largest day's business on the Vinewood line of the city railway was July 4 when 60,000 fares were collected on the line. As the conductors collect twice going out and twice coming back this meant 15,000 people went to the park during the day. Assistant City Engineer Wm. King is taking levels of Kansas avenue preparatory to submitting estimates to the city council of the cost of repaving. The levels taken include Kansas avenue from Crane street to Tenth street. The taking of the levels will be completed today. The Rossville Reporter says: W. W. Page is wearing one of the broadest smiles imaginable. Cause why? He has just thrashed and marketed his wheat from a 40-acre field and is $1,026 to the good. There were just 1,284 bushels by weight for which he received 80 cents a bushel. Mr. Page was the first farmer of this vicinity to market his wheat. With a fine large park at one end and the city of Topeka at the other the city railway ought to furnish some decent service between the two. The railway company has succeeded admirably in building a beautiful park but fails utterly to comfortably handle the crowds which go to the park. The old saying is always go away from home and get the news. The following is from the Danville (Ind.) Republican: "Chas. J. Devlin, the big man of the Topeka bank, whose gigantic operations caused a suspension of the bank with liabilities of several millions, lies stricken speechless at his home in Topeka. However, the depositors are talking enough to make up for the scarcity of words from Mr. Devlin." Secretary Anderson of the Commercial club has received another communication from President W. L. Hoff of the Interstate Schools of Cedar Rapids, Iowa, regarding the moving of the schools to Topeka. Mr. Hoff says that the schools will be moved here if
14.July 20, 1905The Providence NewsProvidence, RI
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DEVLIN FAILURE IS CAUSE OF ANOTHER BANK SUSPENSION. Kansas City, Mo., July 20.-The City National bank failed to open its doors today. The bank held paper of C. J. Devlin of Topeka to the amount of upwards of $500,000 and the failure is the direct result of the closing of the First National bank of Topeka, of which Mr. Devlin was the principal stockholder. Some time ago the comptroller of the currency at Washington instructed the officers of the City National bank to repair its capital. This was done by borrowing from a local capitalist. Following the failure of the First National bank at Topeka, the Kansas City capitalist insisted upon repayment of his loan and this demand caused the officers of the City National to decide upon closing the institution.
15.July 25, 1905The Topeka State JournalTopeka, KS
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# SNAPSHOTS AT HOME NEWS.
What's the use of going to Colorado now?
A new front is being put in the Eagle cigar store.
R. L. Thomas still has a clear field in his race for clerk of the district court.
By the way, the West Sixth avenue cedar block pavement isn't getting any better.
The carriage yard just west of Vinewood park will open for the season. R. Constable.
The city railway divided the Vinewood fares with Innes and still lost money on the band engagement, so they say.
The Baptist New Church workers will hold a lawn party Wednesday evening at the home of Mrs. Fred H. Webster, 500 Clay street.
The medal contest of the W. C. T. U. that was to have been held at the Kansas Avenue M. E. church tonight has been postponed till August 16.
A marriage license was issued Saturday to Mr. Geo. M. Fritts and Miss Mabel Bechtelheimer. The ceremony took place at the home of the bride's parents at 412 Lake street on Sunday.
Albert S. Huling of Topeka was a personal friend of Daniel S. Lamont whose death was announced yesterday. Huling was associated with Lamont in newspaper work on the Albany Argus in New York.
On July 31st the creditors of C. J. Devlin will meet in Kansas City to consider the condition of the properties, the liabilities and assets of the coal operator. A statement will be prepared and presented by the receivers for the benefit of the creditors. On August 7th the creditors will select trustees for the estate.
According to the opinion of Ed Chaney the city plumbing inspector, the ordinance in regard to the inspection of plumbing should be enlarged so as to include the inspection of gas fixtures. This is not covered by the present ordinance. Chaney says that natural gas is dangerous if the inspection of gas fixtures is not made carefully. If there is a leak there is a liability of an explosion and a repetition of the Garnett disaster. An ordinance preventing the careless placing of gas fixtures should be introduced, says he.
Atchison Globe: Frank Jarrell was in town yesterday, visiting his mother. He resigned his position with the Topeka Capital a month ago, and is now working for Michaels & Ellsworth, statisticians of Chicago. F. L. Vandegrift is working for the same company. The business of Michaels & Ellsworth is to collect statistics, and sell them. For example, a man wants to start a mill. Michaels & Ellsworth sell him information showing him the best wheat district, and best location for a mill. Mr. Jarrell travels about collecting this information.
Real estate dealers state that property values have taken an upward tendency. The sales of real estate for home and rental purposes is unprecedented at the present time. The activity does not seem to affect business property and all the building appears to be confined to the residential class entirely. Washburn college place and the southwest district of the city, is the one which is building up to the greatest extent. The educational facilities which Topeka affords and all the money which will be put in circulation as the result of the sale of the year's crops finds party its way to Topeka and adds stimulus to the market. The First National bank failure has also induced people to invest money in property.
16.July 28, 1905The Topeka State JournalTopeka, KS
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SNAPSHOTS AT HOME NEWS. Two alarms inside of three minutes made it a busy place around fire headquarters yesterday. Tomorrow Alfred Benjamin $22, $20 and $18 suits at $12.50 (blacks excepted) The Palace. The police court has taken a vaca tion, as far as liquor cases are concerned, until August 8. The city engineer says that the roof of the patrol barn at police headquarters can be repaired for $291.63. Rev. Axel Anderson, formerly of Topeka, has taken charge of a Lutheran church at Missoula, Montana. Secretary George E. Lerrigo of the Y. M. C. A., will leave this evening on a vacation trip to Winona Lake, Ind. City Clerk Jackson of Fort Scott has asked City Clerk Squires for a copy of the city's waterworks ordinance. That summer resort weather is beginning to wear off again though the evenings still remain cool and comfortable. L. J. Pittijohn, receiver of the Dodge City land office, spent a few hours in the city on political business yesterday afternoon. Hart, Scheffner & Max and Alfred Benjamin & Co. $22, $20 and $18 business and outing suits tomorrow $12.50 The Palace. Charles S. Engle has a new team of carriage horses-bright bays and a very handsome team. They are colts and are being city broke. The only marriage license issued by the probate court yesterday was to E. R. Kyler and Sarah J. Jones, both claiming Topeka as a residence. J. C. Scott, former representative of Scott county, was in town a few hours Thursday turning out big stories of the prosperity of western Kansas. A. neighborhood row in which a cur dog Bingo plays the leading role was aired in Judge McCabe's court Thursday. The judge has the case under advisement. A well known Topeka financial expert has it figured out that the depositors in the defunct First National bank will receive about 35 cents on the dollar. Most of the Union Pacific trains between Kansas City and Topeka have been delayed the past few days on account of soft track caused by the heavy rains. W. J. Dickie of the Jensen Manufacturing company will leave Monday for the Pacific coast to establish agencies of the company along the coast and in the western states. He will be absent six weeks. The Topeka Negro Business Men's league is making an effort to secure the national meeting of the club for Topeka next year. Governor Hoch, Mayor Davis and the Commercial club has been asked to co-operate. What has become of the kite flying boy? A few years ago there wasn't a telephone post in town or a telegraph wire but what had its full quota of wrecked kites hanging dangling down. You very seldom see one now. The fact that the Commercial club has $850 of its funds tied up in the First National bank failure has hampered somewhat the plans for the trade train which it is expected will be sent out in September. The train will not be given up. J. W. Kraemer was granted an order by the court yesterday preventing Carlos W. Jones and wife from removing certain household goods from the state until a certain note given by Jones and endorsed by Kraemer is paid. Labor Day this year falls on September 4th. The local labor unions are planning the usual celebration of a parade and pienic. Committees from the various members of the Trade and Labor council will meet next week to arrange for the details. H. P. Dillon who recently bought a new automobile has exhausted the novelty of motoring already and says riding about town in a touring car is no better sport than riding on a merrygo-round, the distances are so short. We were out for an hour the other day," he says, "and went all over Shawnee county. An effort will be made to bring the next convention of the National Negro Business Men's league to Topeka. It convenes this year in New York. Fifteen members of the league in Topeka will leave soon for New York in an endeavor to secure the 1906 meeting for Topeka. John M. Wright is on the programme for a paper upon "Fraternal and Industrial Insurance." The question of leasing the fair grounds by the city for park purposes is again being agitated. The county commissioners are thinking seriously of cutting it up into lots and disposing of it when the lease of the fair association expires. The lease has seven years yet to run. The plan is for the city to lease the grounds after the association turns back the place to the county commissioners, with an agreement to purchase within thirty years. To go down East Fourth street you would think that the middle of the street and the car tracks were never used. Grass from three to four inches tall has taken root between the crevices in the paving and lines the whole length of the center of the street and car tracks from Quincy street to the Santa Fe depot. The effect is hardly an inviting one. It looks as if the town had gone to sleep and was not doing enough business to keep the grass worn
17.October 12, 1905The Topeka State JournalTopeka, KS
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# EXPERTS BUSY.
Ten in Topeka Working on Devlin Books.
Mr. Downing Says Their Report Will Soon Be Ready.
# LELAND IS READY
Receivers Will File Their Report on the 19th.
Mr. Radges Chafes Because of Lack of Information.
The receivers for the Devlin estate will not ask for a delay or a postponement from the 19th in which to file their report as to the liabilities and assets of the Devlin estate.
"Our report will be filed before the creditors' meeting called for the 19tn," said Cyrus Leland," "we were ready on the 5th,
"We have never asked for a postponement, it was the creditors themselves that asked for it. We have been ready all along and the report will be on file before the creditors' meeting. If they postpone the meeting until some ther time it will be at the request of the creditors. We haven't anything to say about the creditors' meeting."
When pressed further Mr. Leland said: "I haven't anything to give out."
In the meantime what has become of James T. Bradley, the receiver of the defunct First National? This is the question which a number of men who are waiting on his appearance are asking. Mr. Bradley went to his home in Sedan, Saturday, to remain over Sunday, as is his custom, but since that time nothing further has been heard from him. He does not appear to be in the city and his clerical help claim that they have no knowledge of nis whereabouts.
It is hinted that he has gone to Washington, D. C., on business connected with his receivership. The fact that Congressman Charles Curtis promised the creditors of the bank that he would try to secure some information regarding the bank's accounts from Comptroller Ridgely is said to have induced Bradley to make a trip to Washington.
Sam Radges of the depositors' committee said today: "The depositors are becoming more anxious each day to learn of the condition of the bank. Each day sees more requests for information and the number of people are becoming worked up over the situation is increasing We can't find out an iota of information; we have applied to every one that we could think of and the result is all the same. It is just simply one big piece of polftical juggling from beginning to end. Politics are all wrapped up in the affairs of the bank and it is simply a great big piece of political jobbery."
"I presume the next thing they will do," said Judge Allen, "will be to levy an assessment against the depositors in order to meet the expenses of running the receivership."
It is stated now from information received-here that Mr. Devlin will sail for the United States from Southampton, England, on the 18th on the S. S. Corona. One man who has been associated with Devlin in a business way intimated that Devlin would not return until the result of the report of the auditors whom Mrs. Devlin has engaged to go over the setate had made their report.
He said: "If that report shows up well Mr. Devlin will return immediately but if it doesn't, he is liable to stay over there awhile. You know four bank failures might turn up something that would make him a lot of trouble."
Ten experts from Haskins and Sells of Chicago are in the city going over the books here preparatory to submitting of the assets and liabilities of Mr. Devlin. These men are employed by Mrs. Devlin and on their report will depend the outcome of the formation of the underwriting corporation which has been exploited.
They have gone over the accounts of the estate at various offices with the exception of those here in Topeka, and they are now engaged on that work here. C. S. Downing, formerly vice president of the Central National bank, but now living at Kansas City, was in Topeka Wednesday afternoon and said: "This report of the accountants may not be ready by October 19. the date set for the meeting of the creditors. If it is not completed by that time it is probable that there will be a request that the creditors' meeting be postponed until the audit is finished."
Clifford Histed, attorney for C. J. Devlin, and who is employed also as one of the attorneys for the receivers, was in the city today. "The outcome of the underwriting scheme," said he, "will depend upon the audit which is now being made. I know nothing further than that. I know nothing of Mr. Devlin's plans or when he is going to return."
18.October 14, 1905Free PressHays, KS
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# Traveling Men Lose Jobs.
The Jacob Dold and Cudahy packing companies of Wichita will take their traveling men off the road. The Dold men quit the road October 2, and the Cudahy men will quit October 16.
Great Bend Pastor to Leave. --Rev. Volney Evers has arranged to leave Great Bend and will sever his connection as pastor of the Methodist church in about three weeks. He will go to the Oregon conference and will have eharge at Seattle. Rev. Summerville, of Oregon, formerly a Kansas minister, will preach for the Great Bend Methodists the balance of the conference year.
# Claim It Was Trust Fund.
Hackney & Co., Topeka millers, have filed suit against Receiver Bradley, of the defunct First National Bank, to recover $18,700 which they deposited in the bank two days before it failed. The millers claim that the officers of the bank knew when they took the deposit that the bank was in a failing condition, and they should have treated the deposit as a trust fund.
Opening of Chautauqus Court.-The October term of the Chautauque county district court convened October 4th at Sedan and will probably grind for several days thereafter. In spite of the general cleaning up at the May term when court lasted over a week, there are 111 civil cases and 10 criminal cases on this docket. Of the civil cases, 18 are divorce cases. Many of the civil cases originated from the slump in the oil business which sent several of the weaker companies to the wall.
K. C. K., Joint War. The secretary of the State Temperance Union and its attorney, J. K. Codding, held a conference with Attorney General Coleman in regard to the joint situation at Kansas City, Kans. Codding has been there filing some injunction suits and framing up for a fight to make it a dry town. It is understood that the advisability of appointing an assistant attorney general to reinforce the steps already taken was discussed. The chances are that Wyandotte county will soon have an assistant attorney general.
# Kansas Wants Early Trial.
Attorney General Coleman left for Washington to ask the supreme court for an early hearing of the Kansas-Colorado water suit. "When we first started the case," said he "Colorado insisted on an early trial. It was afraid that we would dismiss before it could get a hearing. Now it is not so anxious. In fact it will resist the application for an early trial. It wants to delay the case as long as possible. It evidently sees the handwriting on the wall."
# Home for the Masons.
The old court house at the corner of First and Main streets, Wichita, has been sold by the county commissioners to the Sunflower Masonic lodge No. 86 for $25,000. The deal is not complete until it has been definitely ascertained that no legal barriers to the sale exist. The deed was to have been made when this doubt arose and the matter was referred to County Attorney Eckstein for his opinion. Mr. Eckstein has not been able to look up the point involved.
# Devlins Due This Month.
Some of the creditors of C. J. Devlin believe that the sale by Mrs. Devlin of her blooded horses in Illinois the other day means that the Devlins will remain in Europe for an indefinite period. Receiver Bradley of the defunct Devlin bank says that if they were coming back right away they would not likely have held the sale until their arrival. However friends of the family have received letters from them within the past week in which they say they will sail for America on October 18.
# Kansas Millers Protest.
The grain dealers and millers of southwest Kansas held a meeting at Wichita on the call of Secretary Smiley. The principal topic of discussion was the deduction by Kansas City buyers of 100 pounds from each car of grain on account of dirt and other losses. A resolution was adopted against this rule of the Kansas City board of trade, as it is a violation of an act of the last legislature. Active steps will be taken to have the Kansas City board of trade repeal it. Chief Grain Inspector J. W. Bradford and J. G. Goodwin, chief of the board of tariffs and weights of Kansas City, were in attendance.
# Hurt by Lime Explosion.
Three children of Frank Henry and one child of Juan Zumbado were seriously injured at Junction City by a lime explosion. They poured water on lime that was in a can and an explosion followed. They were knocked down from the explosion and were badly burned about their faces. Their eyes were burned by the lime, and two of them will probably lose their sight.
Rid of Diphtheria. Owing to the prompt action of the board of health of Hays, Kas., diphtheria has been entirely checked. Not a single case of
19.October 17, 1905The Topeka State JournalTopeka, KS
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DON'T LIKE PLAN. The Devlin Creditors May Take the Reins Rumor of Changes In the Receivership. IN HANDS OF ONE MAN. That Is Suggestion of Some of Those Interested. Sauta Fe Wants Mr. Hurley to Stay. Mr. Bradley Will Meet Bank Depositors Tonight. Who will be the trustee or the trustees of the Devlin interests? Who will succeed J. E. Hurley or Cyrus Leland, Judge Reeves whose livesas receivers under the voluntary bankruptcy proceedings end with the adjudication of the various affected concerns under the involuntary proceedings? The creditors' meetings for eight different Devlin companies commence on Wednesday of this week, October 18. Two are set for that date and the remainder for the next day, October 19 The First National bank's claims add one more to this list. Though it proceeds in a slightly different matter, the solution is looked for in the same channel. This makes a total of nine different cases. Under the law each one elects a trustee. Will they all be different. or will but one be agreed upon The First National bank may hold the balance of the power. Are the creditors satisfied with Hurley or Leland or Reeves or will they favor someone else, or will the three receivers be continued. Hurley is said to be a favorite with number of the companies for trustee But it is claimed that there are some railway interests to be figured with. Up there in Illinois is a little railroad called the Toluca, Marquette and Northern It is only 40 miles in length and would look like an ant-hill in the Rocky mountain range if a bird's eye view of all the railroad systems in the United States were taken. But that little road is worth money and a whole lot of it. It is sort of belt line between a number of trunk lines which pass through that territory It connects the big coal mines throughout that district. Six different big roads are said to be after it. They, are the Alton. the Rock Island, the Santa Fe, the Big Four, the Burlington and the Milwaukee George R. Peck. general solicitor of the Milwaakee has some big interests in Devlin mining properties. If all these roads are after this little valuable belt line, will it be agreed to let the general manager of one of the interested roads act as trustee Outside of this one instance there are no interests which any of the railroads might have in the matter The Santa Fe's general manager was very desirable receiver because road uses so much Devlin coal, and furnishes one of the big assets. The assistant general solicitor of the Burlington was in a considerable sweat the other day to find out about his road's claims Inquiry proved that Devlin owes his road 80 cents for freight. That was all. The interest of the First National bank took considerable impetus this morning by the announced intention of Receiver Bradley to have the cred. itors committee meet him tonight and talk over the subject of who would be the most desirable trustee for the bank's claims. Mr. Bradley was called up and asked who he favored. since he rep. resented the bank He replied 'Why, I have not settled that matter "Will you confer with the creditors of the bank in regard to the subject. especially since the meeting takes place this week for the claims to be was filed asked "Well guess I will: and think that it ought to be done shall call the committee together for private conference tonight if possible I think that the depositors ought to talk the matter over and agree upon some one The depositors' committee has full power from all the depositors to in the matter Sam Radges the chairman said today "Certainly we meet him. We shall be glad to. This will be the first time that will have had conference with him There is considerable doubt, however in the minds of interested parties that the election of the trustee or trustees will take place at an early date. A general opinion prevails that continuances will be taken in the cases and that they may drag on for several months. The situation is a very peculiar one. Just at present Mr. Hurley and Mr. Leland are acting as under the voluntary bankruptcy petition. Most lawyers agree that this petition irregular and died for want lack of jurisdiction. But everything seems to be moving along nicely der it. In reality it was filed to hold the properties intact until course campaign could be mapped out. decision was then reached to file voluntary proceedings against the eight small companies of Devlin's big organization This was done and the meetings of the claimants against these are set for Wednesday Thursday of this week. Under the law each one a trustee. elects All companies can elect the same man for the position. or each one can elect different person. Had the voluntary petition been acted upon then trustee for all interests would have been elected directly to succeed Mr. Hurley and Mr Leland. As the matter now stands. however Mr Hurley and Mr. Leland's lives as ceivers are really expired. But the course of the matter is very satisfactory to everyone They are handling the matter to the satisfaction of interested parties. and will consequently hold their offices until the various elect all fees. 'What man do you favor for trustee was asked of Mr Radges. am not ready to be interview on that point. his reply the talk matter the meeting with Mr. Bradley We will agree someone all right But I don't think that these trustee elections will come very soon. I look for continuances of
20.December 23, 1905The Topeka State JournalTopeka, KS
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# HE GETS $56,509 MORE
Phoenio Mutual Pays Its Devlin Insurance Policies.
The office of the receiver of the First National bank will probably be closed a portion of the time during the holidays. Mr. Bradley, the receiver, left today for his home in the southern part of the state and will not return in all probability until the middle of next week. His chief clerk, Walter Niedner, leaves Saturday also for St. Louis where he will visit his parents for several days.
The Phoenix Mutual Life Insurance company which had agreed to honor the six policies held against it by the receiver came forward with the checks Friday afternoon. The checks amounted to $56,509.40, the policies written representing $55,000, the excess of that amount is accrued dividends.
As in other instances these policies are those on the life of C. J. Devlin and assigned by him before his death to the First National.
21.January 27, 1906The Topeka State JournalTopeka, KS
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IT'S HERE AT LAST First National Dividend No Longer a Myth. Becomes Reality When Checks Arrive Today. READY FOR MONDAY. Distribution Will Commence at 9 O'clock. Over Eight Hundred Thousand Dollars in Checks. SOME ARE LEFT OUT. Three Hundred Depositors Who Failed to Prove Claims. Check No. 1 Wlil Go to Eliza W. Bowman. The money for the first dividend, 55 per cent of the defunct First National bank, was réceived today by express at 10:10 o'clock. The amount represented in signed checks is $801,288.58 and is to be divided among 1,300 depositors of the bank. The receiver will commence issuing the checks at 9 o'clock Monday morning from the office of the receiver in the Real Estate building at the corner of Seventh and Jackson streets. The first to come will be the first served, no other form of paying out will be observed. Receiver J. T. Bradley is out of the city and will not return until Monday and his office force, Walter Niedner and John Morrisey, assumed the responsibility of taking charge of the nearly one million dollars worth of checks which came in a leather covered casket. The checks were filled out here in Topeka about two weeks since and were then shipped east to Washington to be signed by J. P. Kane, deputy comptroller of the currency. They had to be figured over again there by the clerical force in Washington for verification. But happy to state there was no error found. Upon the special request of Receiver Bradley that the work be hastened in Washington as speedily as possible, the work was rushed through instead of waiting the usual routine. The 55 per cent dividend was first announced on Christmas morning but it was delayed from time to time by the difficulty attending the collection of all of the insurance money. The $801,000 of money does not represent the total 55 per cent dividend but simply represents the amount of the claims of the depositors which have been proved up. There are about 300 deposi tors who still have failed to prove up their claims. The checks will be issued only to those of the depositors who hold receiver's certificates. Those who do not possess such certificates will have to present their pass books at the office Monday and certificates will be issued on their presentation. The checks are not on any national bank but upon the United States treasurer. They can be presented for payment at any bank in the city and will be honored just the same as any other form of check. That the flood of money which will be turned loose will be hailed with great glee by depositor and the business men of the town alike is only putting it mildly. The merchants have been waiting for this sort of thing for several months and the depositors will feel again the well filled pocket book. Check number one belongs to Eliza W. Bowman while check 1300 is the property of Martha Hackney. The payment, however, will be made to the one who first gets there. The First National bank went into the hands of a receiver on Monday morning, July 3rd.
22.February 5, 1906The Topeka State JournalTopeka, KS
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# HURLEY WOULD HURRY.
Wants the Devlin Muddle Adjusted Soon as Possible.
"I believe that we should wind up the estate in a reasonably short time," said James E. Hurley, one of the trustees of the Devlin estate. "The interest accounts will eat up the profits if we don't dispose of the holdings within a short time. There is not much chance to pay off the debts against the estate from the earnings. The property which has an earning capacity, such as the mines, should be disposed of last."
The interest on the debt which hangs over the bankrupt estate runs in round figures close to $240,000, while the net earnings of the properties is quoted at close to $250,000. The amount of $10,000 per year which is clear would not go a long way to pay off the probable $4,000,000 which is charged up against these holdings.
The depositors of the First National, now that they have received one dividend, are not disposed to sit down and simply wait for another dividend to roll around. They are going to get active and continue their activity in the behalf of an early and expedient winding up of the bank's affairs. "Something will develop very shortly," said one of the prominent depositors. "We are not going to hang back and simply wait just because we have got 55 per cent. of our money. There will be some meetings before long of the depositors, in which the future policy of the management of the defunct bank's affairs will be discussed."
23.September 20, 1906The Topeka State JournalTopeka, KS
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# CAPPER BUYS A CORNER
Will Erect Newspaper Building at
Eighth and Jackson,
The southeast corner of Eighth and Jackson street has been purchased by Arthur Capper from James T. Bradley, receiver of the First National bank, for $12,500. This was the appraised value put on the lots by Mr. Bradley, though the trustees of the Devlin estate valued them at a higher figure, $17,000.
The corner forms one of the choicest sites in the heart of the business section of the city, it is located right across from the state capitol building and grounds and immediately opposite that of the city library building.
The purchase includes three lots. The property was clear of incumbrance and the sale marks the third piece of property to be disposed of by the bank within the last few months.
Mr. Capper, who is interested in the Mail and Breeze and the Missouri Valley Farmer, weekly publications, in addition to the Capital, will erect a large building on the corner to house all of his publications.
"My plans are all up in the air yet," said Mr. Capper, "but I intend to make it the home of all my publications, bringing them together under one roof."
The deed to the Real Estate building, over which there has been considerable dispute, will go to Father Hayden of the Church of the Assumption. This seems to be practically agreed upon by the conflicting interests. Quit claim deeds will be turned over to Father Hayden by P. J. Monaghan, C. P. Bolmar and the receiver of the First National. The two former have recorded deeds to the building. This transfer, however, will not effect the bank, which will get its equity out of the transaction.
24.August 22, 1907The Globe-RepublicanDodge City, KS
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Rock Island passenger train. A Fortune From England.-Mrs. K. A. Bathurst of Horton is in receipt of intelligence that she is one of the heirs to a big estate in England and that her share will be $120,000. It is said the matter is now all settled and that the money will be forthcoming within a month. Cuts the Internal Revenue.-Because of the crusade of Attorney General Jackson against the breweries the internal revenue receipts for Kansas. according to Collector James Simpson. are $1.000 less for the month of July this year. than they were in July. 1906. The big per cent of this $1.000 decrease is ascribed to Kansas City, Kas. Plaintiffs Attach Brewery Property. -The supreme court has permitted Emma Bair and Martha Smith to file attachment claims on property of the Val Blatz Brewing Company in this state. subject to the receivers. These women sued the Val Blatz and other brewing companies for damages over a murder which took place in a North Topeka drinking resort. Receivers Got $3.750.-The Anheuser-Busch Brewing Company has surrendered completely to the ouster action brought against it by the attor ney general by paying up full costs assessed against it. summing up a tot al of $3,977.08. Of this sum, the three receivers got jointly $3,750. The expenses were $100: depositions, $107.98: sheriff fees, $2.70; court costs $16.40. Last Dividend Paid.-The checks for the payment of the last dividend of 12 per cent to the depositors of the First National bank at Topeka, which failed in the Devlin crash. have been filled out and forwarded to the comp. troiler at Washington. He will in spect and sign the checks and return them to Topeka. The money will probably be available within a few days. G. A. R. has a Grievance.-The G A. R. of Kansas has filed a complaint before the interstate commerce commission alleging discrimination against the rates granted them to Saratoga for the national encampment and in favor of the Jamestown rates. Not enough stopover privileges. it is alleged. are granted while the Jamestown trip is favored in that manner. Nebraska joined the Kansas complaint. Fifty Counties Crimeless. - Fifty counties in Kansas sent no prisoners to the state penitentiary during the past fiscal year. according to the report of expenses for the conveyance of prisoners to Lansing. The total cost per diem for expenses. guards and board of prisoners was $4,700. A total of 207 prisoners were sent to the penitentiary during the year. Wyandotte had the largest number, twenty; Montgomery was next with fifteen; Geary third with ten. Gift Larger than She Knew.-Mrs. Fanny Murray, of Lancaster, Atchison county, died three years ago. leaving/a lot in Can Diego, Cal., and two lots in Middleton. Cal., to the Women's Home Missionary Society of the Kansas conference of the Methodist Episcopal church and to the Women's Foreign Missionary society of the Methodist Fpiscopal church of New York. At the time of her death the lot in San Diego was believed to be worth about $3,000, but it sold last week for $20,000. Harvester Wore Low Shoes.-Jack Kyle, a St. Louis clerk, wore loose, low shoes while at work in the harvest fields in Kansas recently. His feet became badly blistered and bruised from striking the stubble. After working a week his right foot became swollen and blood poisoning set in. He is now at the Topeka Provident Association' hospital and the doctors fear his leg may have to be amputated. State Loans Money.-The state of Kansas has loaned $971.000 to banks of the state under the depository system. The highest rate of interest offered was 3½ per cent, by the Northup National bank, of Iola. Seventyseven banks bid for the money. It was given to thirty. The Commercial National bank of Kansas City, and
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
